Relx (NYSE:RELX) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Relx (NYSE:RELX) from a hold rating to a buy rating in a report published on Saturday.

A number of other analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Zacks Research upgraded Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Citigroup initiated coverage on Relx in a report on Monday, January 12th. They set a “neutral” rating for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Relx Trading Down 2.3%

RELX opened at $29.39 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. Relx has a twelve month low of $29.21 and a twelve month high of $56.33. The company has a 50-day simple moving average of $39.57 and a 200 day simple moving average of $43.86.

Institutional Investors Weigh In On Relx

A number of hedge funds and other institutional investors have recently bought and sold shares of RELX. Dimensional Fund Advisors LP raised its position in Relx by 7.9% in the third quarter. Dimensional Fund Advisors LP now owns 3,446,125 shares of the technology company’s stock valued at $164,575,000 after purchasing an additional 252,390 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Relx by 1.4% during the third quarter. Ameriprise Financial Inc. now owns 3,390,649 shares of the technology company’s stock worth $164,120,000 after purchasing an additional 46,515 shares during the last quarter. Northern Trust Corp increased its stake in shares of Relx by 3.5% in the third quarter. Northern Trust Corp now owns 2,430,755 shares of the technology company’s stock valued at $116,093,000 after buying an additional 81,195 shares during the period. Envestnet Asset Management Inc. raised its holdings in Relx by 0.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,784,488 shares of the technology company’s stock valued at $85,227,000 after buying an additional 14,404 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in Relx by 6.1% in the 3rd quarter. Captrust Financial Advisors now owns 1,693,542 shares of the technology company’s stock valued at $80,884,000 after buying an additional 96,831 shares during the last quarter. Institutional investors own 15.02% of the company’s stock.

About Relx

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.